CAATs (Computer-Assisted Audit Techniques)

Computer-Assisted Audit Techniques (CAATs) are tools and methods auditors use to analyze large amounts of data efficiently and accurately. Instead of manually reviewing records, auditors employ specialized software to extract, examine, and test financial information stored in computer systems. This helps identify errors, inconsistencies, or potential fraud more effectively. CAATs enhance the precision, speed, and scope of audits by leveraging technology, allowing auditors to focus on areas of higher risk and ensure the integrity of financial data.